Chainlink is partnering with the IEEE Computer Society Blockchain and Distributed Ledger Standards Committee to develop global standards for decentralized oracle networks, awarding a Chainlink Community Grant to support a study group that will unite international engineers and decision-makers. This collaboration aims to establish best practices for decentralized applications and hybrid smart contracts by leveraging IEEE's established framework to create balanced and market-driven technology standards. The study group will focus on accelerating the development of hybrid smart contract applications by ensuring secure and efficient use of oracles, with Chainlink Labs providing domain expertise as the study group chair. The partnership seeks to bridge current and emerging digital infrastructures, enabling hybrid smart contracts that combine blockchain security with off-chain data resources, ultimately unlocking advanced decentralized applications and promoting greater social impact. Yukun Hao of IEEE BDL emphasizes the collaborative effort to standardize smart contracts and decentralized oracle networks, with Chainlink's support expected to broaden blockchain technology adoption. Through the Chainlink Community Grants program, Chainlink aims to empower ecosystem teams and researchers to develop tools and infrastructure that enhance smart contracts and secure oracle networks, fostering Chainlink's growth and the broader adoption of blockchain technology.